Vanguard Personalized Indexing Management LLC Boosts Stake in Visa Inc. (NYSE:V)

Vanguard Personalized Indexing Management LLC lifted its holdings in Visa Inc. (NYSE:V) by 7.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,364 shares of the credit-card processor’s stock after purchasing an additional 12,474 shares during the quarter. Visa comprises about 0.8% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 12th biggest position. Vanguard Personalized Indexing Management LLC’s holdings in Visa were worth $44,539,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in shares of Visa in the 1st quarter worth $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the 4th quarter worth $25,000. POM Investment Strategies LLC boosted its position in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Visa during the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC lifted its position in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on V. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Piper Sandler lowered their price target on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Bank of America lifted their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup lowered their price target on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, William Blair raised Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $310.22.

Visa Price Performance

NYSE:V opened at $291.61 on Wednesday. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $293.07. The stock has a 50 day moving average of $269.30 and a two-hundred day moving average of $273.27. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $533.34 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the business earned $2.16 EPS. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.